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Last Updated : 20 September 2011 at 14:20 IST
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India to review onion exports ban

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NEW DELHI (Commodity Online) : India on Tuesday will review the ban on onion exports after growers took to protest against the prohibition.


An empowered group of ministers (EGoM) on food will meet later Tuesday to discuss, ten days after imposing a ban on exports to check spiralling prices of the bulb which touched Rs 25 a kg in retail in the national capital.


India expects a bumper kharif production of onion.


While the wholesale prices of the onions saw a dip by Rs 2-5 per kg in Delhi after ban on exports, the decision had triggered protests from farmers in the key producing regions of Maharashtra and Karnataka.


Farmers in Nashik district and Bangalore had refused to bring their produce to markets protesting the drop in their profit level due to ban on onion export.


Earlier, Finance Minister Pranab Mukherjee had also said in Mumbai that EGoM would meet on 20th September to consider the demand for lifting the ban on onion exports.


Mukherjee had also chaired a meeting in Mumbai on Saturday last to discuss issues such as lifting of ban on onion exports.


The meeting was attended by Maharashtra Chief Minister Prithviraj Chavan, Deputy Chief Minister Ajit Pawar and representatives of farmers.

NCDEX GARSEDJDRJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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MCX Today  Posted On : Dec 20, 2011 1:02 PM
Again trouble for the onion traders